Auxly Cannabis Group Inc (CBWTF)

[researcher11]

Corum, basically what happened is cbwtf sold part of the company for $100M...The people who bought the $100M worth of the company can sit on the units they bought and collect 6% per annum for the next 2 years.
Any time within those 2 years they have to convert the units to stock by paying $1.55 a share.
Also if the buyers choose they can buy a additional share for $1.80 any time in the next 2 years.

Cbwtf then takes the $100M and lends it to MJ growers for a future portion of their crop.

That is it in a general sense.

This deal is not as bad as the 100M-200M share they sold in Feb and March for 2 cents, that's dilutive.

Probably a necessary evil but a shame nevertheless.